MARKET PULSE-Rocket Fuel, Ubiquiti, Stratasys, Gap, Omnicom, Apple
(For more market insights, including options activity, click on ; for the Day Ahead newsletter link.reuters.com/mex49s; for the Morning News Call newsletter, link.reuters.com/nex49s) U.S. stock index futures edged lower on Friday putting the S&P 500 on track to closing a week of choppy trading with a slight decline, while the Nasdaq is on pace for its worst weekly decline in four. Dow Jones industrial average futures were down 0.21 percent at 16,476, S&P 500 futures were down 0.18 percent at 1,868.9 and Nasdaq 100 futures were down 0.41 percent at 3,523.
** OMNICOM GROUP INC, Thursday close $66.2, -2.30 pct premarket
The proposed $35 billion merger between U.S.-based Omnicom and France's Publicis Groupe SA has been called off as the obstacles to moulding the two rivals into the world's largest advertising agency proved too much.
** APPLE INC, Thursday close $587.99, -0.64 pct premarket
** PANDORA MEDIA INC, Thursday close $22.2, -2.93 pct premarket
Apple is close to paying a record $3.2 billion for Beats Electronics, two people with knowledge of the matter said, an expensive foray into music streaming and headphone gear that would mark a departure for the usually cash-conservative iPhone maker.
Shares of Pandora Media, an online streaming service, fell on the news. Continued...